USDA's export sales report is due out at 7:30 a.m. CST, along with weekly U.S. jobless claims and an update of the U.S. Drought Monitor. The U.S. Energy Department's weekly report of natural gas supplies is set for 9:30 a.m. Traders are increasingly interested in South American weather forecasts and will watch for any news of an export sale.
Weather
With the main storm track up in Canada through the day, temperatures will be very warm across the country, and near record-breaking in portions of the Plains. Low temperatures this morning are above normal highs in some places. A system will move from Canada into the Plains and Upper Midwest tonight and may produce some light precipitation across the northern tier.